Insurance Deductible Question
I currently have a claim for roof repairs and it has been approved for a full roof replacement. However, I received a check from the insurance company that exceeds the total contract amount. My understanding was that I needed to pay my deductible for the roof replacement and then receive the remaining funds from the insurance. I still have some interior work to complete, but I’m unsure how to proceed with paying my deductible. Unfortunately, my insurance company hasn’t provided clear answers, and I want to avoid any issues later on. If anyone could clarify how to handle my deductible, I would greatly appreciate it! Thanks! (Homeowners Choice, Pasco County, Florida)
Insurance deductible
It sounds like you’re navigating a complex situation, and it’s great that you’re seeking clarification. Here’s a breakdown of how to handle your deductible and the check you received:
Understanding the Deductible: Generally, your deductible is the amount you are responsible for paying out of pocket before your insurance coverage kicks in for the claim. For roof replacements, this amount is typically deducted from the total claim payout.
Review the Insurance Check: If you received a check from the insurance company that exceeds your contract amount, it’s important to review the details. Check the breakdown of the payment to see if the deductible has already been accounted for.
Paying the Deductible: Usually, you would pay the deductible directly to the contractor performing the roof replacement. You should confirm this with your roofing contractor to ensure they are aware of the deductible process.
Contacting Your Insurance: If your insurance company isn’t providing clear answers, consider asking specifically about how the payment was calculated, where to allocate your deductible, and if any future payments will be affected. If necessary, escalate the issue or request a supervisor for more clarity.
Keeping Records: Maintain records of everything related to the claim, including correspondence with your insurance company and contractor. This documentation can be helpful if there are any disputes later on.
Interior Work: For the interior repairs, you’ll want to clarify with your insurance about coverage for those damages. If they are part of the original claim and approved, be sure to follow the claims process they have outlined.
Consult Professionals: If the situation continues to be unclear, you may want to consider consulting a public adjuster or an attorney who specializes in insurance claims. They can provide professional guidance tailored to your specific circumstances.
By following these steps, you should be able to navigate the situation more effectively. Good luck with your roof replacement and any remaining repairs!